iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 12-Month Low – Here’s Why

iShares Short Duration Bond Active ETF (BATS:NEAR – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $50.29 and last traded at $50.32, with a volume of 12804 shares traded. The stock had previously closed at $50.52.

iShares Short Duration Bond Active ETF Price Performance

The stock’s 50 day moving average is $50.52 and its 200-day moving average is $50.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NEAR. Shah Wealth Advisors LLC bought a new stake in shares of iShares Short Duration Bond Active ETF during the second quarter valued at approximately $917,000. Concurrent Investment Advisors LLC lifted its position in iShares Short Duration Bond Active ETF by 9.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 256,177 shares of the company’s stock valued at $12,978,000 after acquiring an additional 21,362 shares in the last quarter. Retireful LLC bought a new position in iShares Short Duration Bond Active ETF in the 2nd quarter valued at approximately $554,000. Live Oak Private Wealth LLC lifted its position in iShares Short Duration Bond Active ETF by 11.3% in the 2nd quarter. Live Oak Private Wealth LLC now owns 21,431 shares of the company’s stock valued at $1,086,000 after acquiring an additional 2,177 shares in the last quarter. Finally, Secure Asset Management LLC boosted its stake in iShares Short Duration Bond Active ETF by 9.7% during the 2nd quarter. Secure Asset Management LLC now owns 70,035 shares of the company’s stock valued at $3,548,000 after purchasing an additional 6,181 shares during the last quarter.

About iShares Short Duration Bond Active ETF

(Get Free Report)

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.

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